Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC]

<article class="post-762869 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-762869"><span class="entry-date">August 4, 2023</span><div class="entry-header center-block text-center"><h1 class="entry-title">Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC]</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=Housing+Market+Forecast+for+the+Rest+of+2023+%5BINFOGRAPHIC%5D&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fhousing-market-forecast-for-the-rest-of-2023-infographic%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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</div></div><div class="post-tax post-category"><span></span><a href="../category/realtor-blog/index.html" rel="tag">Realtor Blog</a></div><div class="post-tax post-post_tag"></div></div><div class="entry-content"><div><img alt="Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC] Simplifying The Market" decoding="async" loading="lazy" src="https://media.agentaprd.com/sites/222/Housing-Market-Forecast-For-The-Rest-Of-2023-KCM-Share.webp" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" width="358"/>
<p><a href="https://www.simplifyingthemarket.com/content/images/20230803/Housing-Market-Forecast-For-The-Rest-Of-2023-MEM.png?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank"><img decoding="async" src="https://files.keepingcurrentmatters.com/content/images/20230803/Housing-Market-Forecast-For-The-Rest-Of-2023-MEM.png"/></a></p>
<h3>Some Highlights</h3>
<ul>
<li>Want to know what experts say will happen in the rest of 2023? Home <a href="https://www.simplifyingthemarket.com/2023/07/25/dont-fall-for-the-next-shocking-headlines-about-home-prices/" rel="noopener noreferrer" target="_blank">prices</a> are already <a href="https://www.realtor.com/research/2023-national-housing-forecast-midyear-update/" rel="noopener noreferrer" target="_blank">appreciating</a> again in many areas. The average of the expert forecasts shows positive <a href="https://www.simplifyingthemarket.com/2023/07/17/home-prices-are-rebounding/" rel="noopener noreferrer" target="_blank">price</a> growth.</li>
<li>Where <a href="https://www.simplifyingthemarket.com/2023/07/19/explaining-todays-mortgage-rates/" rel="noopener noreferrer" target="_blank">mortgage rates</a> go for the rest of the <a href="https://www.fanniemae.com/media/48386/display" rel="noopener noreferrer" target="_blank">year</a> will depend on inflation. Based on historical trends, <a href="https://www.simplifyingthemarket.com/2023/07/18/homebuyers-are-getting-used-to-the-new-normal/" rel="noopener noreferrer" target="_blank">rates</a> are likely to ease as <a href="https://www.simplifyingthemarket.com/2023/06/23/homeownership-helps-protect-you-from-inflation-infographic/" rel="noopener noreferrer" target="_blank">inflation</a> continues to cool.</li>
<li>Even though low <a href="https://www.simplifyingthemarket.com/2023/07/14/low-housing-inventory-is-a-sweet-spot-for-sellers-infographic/" rel="noopener noreferrer" target="_blank">inventory</a> continues to be a challenge, experts project 5 million homes will still <a href="https://www.mba.org/docs/default-source/research-and-forecasts/forecasts/mortgage-finance-forecast-jul-2023.pdf" rel="noopener noreferrer" target="_blank">sell</a> this year. That <a href="https://cdn.nar.realtor/sites/default/files/documents/forecast-q3-2023-us-economic-outlook-07-27-2023.pdf" rel="noopener noreferrer" target="_blank">pace</a> should pick up if <a href="https://www.simplifyingthemarket.com/2023/07/05/two-questions-to-ask-yourself-if-youre-considering-buying-a-home/" rel="noopener noreferrer" target="_blank">rates</a> come down.</li>
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